Property Auctions London, Property Auctioneers London, London Property Auctions, Property Auctions London

Lot 17

6 Week Completion

Situation

Located close to the junction with Friary Road in this rapidly improving residential area, less than a mile from Acton Main Line and North Acton Railway Stations as well as East Acton Underground Station (Central Line). The property also benefits from excellent road links via the A40.
Acton lies approx. 1½ miles north of Chiswick and 6 miles west of central London.

Property

Forming part of a purpose built apartment block comprising a Self-Contained Studio Flat on the third floor with hatch access to a Loft. The property includes 1 Parking Space and benefits from electric storage heating and an entry phone system.

Accommodation

Third Floor Studio Flat
Living Room/Bedroom 15'6” x 10'8”
Kitchen 7'7” x 7'4”
Shower Room/WC 7'4” x 4'5”

GIA Approx. 300 sq ft

VAT is NOT applicable to this Lot

Tenure

Leasehold for a term of 125 years from 1st July 1989 at a peppercorn ground rent.

Tenancy

The property is let to an Individual on an AST for a term of 1 year from 15th October 2019 at a current rent of £10,200 per annum exclusive.

Note 1: There is a £980.77 Rent Deposit held.

Note 2: A similar studio flat on the second floor is currently on the market at £245,000.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

16 Vardon Close, Acton, London W3 6YW